Martin Marietta promotes Michael J. Petro to executive vice president and CFO
Martin Marietta announced on August 4, 2026 that it promoted Michael J. Petro to Executive Vice President and Chief Financial Officer. The filing sets out his new pay and severance terms, including a $750,000 base salary and a one-time restricted stock unit grant with a grant date value of $5,000,000.
Key points
- Base salary of $750,000, with a target annual incentive of 100% of base salary
- Target long-term incentive award of 260% of base salary
- One-time restricted stock unit grant with a grant date value of $5,000,000, vesting ratably on the sixth, seventh and eighth anniversaries of the grant date
- Severance of three times the sum of base salary and target bonus on termination without cause or for good reason, plus up to three years of medical and dental benefits
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:30 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 04, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.